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Rothko, Warhol Have a Busy Week   Ogling the Auctions: Part Three
Nov 12 2007 9:39AM EST

Today in the Art World...

The Detroit Institute of Arts is scheduled to reopen on November 23rd after an expansion and renovation by the architect Michael Graves and a reinstallation of its galleries. The New York Times looks at artist Julie Mehretu's project for the museum here. The Detroit Free Press reports on a sneak-peak gala here.

For three weeks, customs at the Sheremetyevo Airport in Moscow has been holding pieces by impressionist and modern masters Renoir, Picasso, and Matisse. The airport has intimated that it's just part of the process of importing art. The gallery to which the work is headed claims a more complicated motive.

Charles Saatchi has remained close to the cutting edge since his days as early champion of the YBAs. Since then, he's taken his art gallery online and grown it into a site that averages 50 million hits per day and $100 million worth of sales per year. Does that make it worth $414 million?

In other Saatchi news, the advertising executive-cum-art collector has decided to send an interchanging display of contemporary art to the Hermitage in St. Petersburg, Russia being the new hot spot for the artists on which Saatchi made his name in the art world.

A week of post-war and contemporary art auctions being closely watched by those eager to assess the strength of the market kicks off tonight with the sale of the Allan Stone Collection at Christie's. Later today, a preview.


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